Bill McDermott, ServiceNow chairman and CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, guidance for the second half of the year, and much more.

ServiceNow Inc. gave a fiscal-year sales outlook that fell short of expectations, saying it is focused on fueling adoption of new generative artificial intelligence products rather than generating significant revenue for those tools in the near future.

In this new world of agentic AI, the ServiceNow Platform serves as the AI agent control tower—a connection layer across every corner of a business—enabling ServiceNow’s new AI Agent Orchestrator to elevate the way organizations operate, transforming groups of AI agents into a symphony working toward a common goal.

ServiceNow has declared full-year revenue close to $11bn, representing 22% year-on-year growth, as it announces a battery of agentic AI product updates.

Atomicwork has raised $25 million in a Series A round co-led by Khosla Ventures and Z47 to expand its AI agentic platform for enterprises.

Just like AWS with Amazon Bedrock, Microsoft with Copilot Studio, and Salesforce with Agent Builder, ServiceNow has also added a no-code agent building tool, AI Agent Studio, to its Now platform to help enterprises create and deploy custom AI agents integrated into their workflows.

Agents alone aren't enough for enterprise agentic AI workflows, that's where the power of AI orchestration could help to make a big difference.

ServiceNow (NYSE: NOW) is one of the most well-known software companies. It is in the cloud and data storage industry, so it has been quite a hot name over the past few months. In fact, NOW stock is still up 25% despite the recent decline.

The decline in ServiceNow’s share price comes in the wake of a "lackluster outlook" for 2025 subscription growth on a slower artificial intelligence sales bump,"

Analyst Brad Reback of Stifel Nicolaus maintained a Buy rating on ServiceNow (NOW – Research Report), retaining the price target of

Peter Weed, an analyst from Bernstein, maintained the Buy rating on ServiceNow (NOW – Research Report). The associated price target is

Google ( GOOG, GOOGL) and ServiceNow ( NOW) on Wednesday announced plans to bring ServiceNow’s Now Platform to Google’s Cloud Marketplace, giving enterprises access to ServiceNow’s suite of services via Google’s Cloud system.